Chinese Exports to India Decline in First Eleven Months
China’s exports to India is continuing to decline. The data from customs shows that the exports from China has declined by 13-percent in the first 11 months of the year 2020.
- Imports of China from India has risen by 16 percent during the same period.
- The data shows that, China has exported about $59 billion worth of products to India in between January to November. It has declines by 13 percent.
- The decline has reduced from the 16.2 percent in the first 10 months of 2020.
- China’s imports from India has amounted to about $19 billion in the first 11 months. It has gone up by 16%,
- In all, the trade deficit between both the countries has reduced to around $40 billion.
India-China trade deficit
Trade deficit between India and China has been a major concern. In the year 2019, The trade deficit of India with China had reduced slightly by 2%. This was the first decrease in deficit since 2005. The trade stood at $56.95 billion. The trade between both the countries had reached to US$ 92.89 billion in 2019.
What China exported to India?
China had exported mainly the organic chemicals, antibiotics, fertilizers and aluminium foil to India in the year 2019.
What India exported?
India mainly exported organic chemicals, fish, iron ores, unfinished diamonds, crustaceans, granite stone and cotton to China.
China-India border tension
This decline in the export is the result of the long-drawn border standoff between India and China in eastern Ladakh. Indian government has taken many strict measures against China to reduce its dependency on China. It included banning of some 200 Chinese apps and other investments projects of China.